"Regulatory approvals from the treasury department are awaited," Sundar Raman, CEO of the IPL, owned by the Cricket Board which is one of the founders of the CL T20 league, told reporters on the sidelines of a press conference to announce the launch of an IPL specific edition of one of its sponsors Volkswagen.
Raman brushed aside reports that players from Australia might boycott the next edition of the CL T20 league because of non-payment of prize money.
The Federation of International Cricketers` Association (FICA) had reportedly asked players to stay away from this year`s CL T20, saying that the tournament had "little or no credibility" given that prize money from last year`s edition had still not been paid.
FICA Chief Executive Tim May said six million dollars remain unpaid, of which Victoria is owed 200,000 dollars, while South Australia 500,000 dollars.
The IPL CEO also said that the BCCI, "has addressed" the reported reluctance of Kochi franchise to play their matches in IPL season 4 in Kochi due to lack of proper cricket infrastructure.
He also said the IPL schedule which has been finalised stands as it is until some changes have to be made because of elections in a few state assemblies.
"We will inform as and when it happens. At the moment the schedule stands," Raman added.